India’s marine exports clocks an all-time high, over 30% increment recorded

New Delhi: India’s marine product exports recorded an all-time high for the year 2021-22, informed the officials on Wednesday. The growth clocked a high of over 30 per cent rounding Rs.57,586.48 crores (USD 7.76 billion).
“India shipped 13,69,264 metric tons of seafood worth Rs 57,586.48 crore (USD 7.76 billion) during 2021-22, despite heavy odds.
During the FY 2021-22, the export improved in rupee terms by 31.71per cent, in USD terms by 30.26 per cent and in quantity terms by 19.12 per cent. In 2020-21, India had exported 11,49,510 metric tons of seafood worth Rs 43,720.98 crore (USD 5,956.93 million),” read an official statement.
The Frozen shrimp remained the major export item in terms of quantity and value. Frozen shrimp, which earned Rs 42,706.04 crore (USD 5,828.59 million), accounted for a share of 53.18 per cent in quantity and 75.11 per cent of the total dollar earnings. Shrimp exports during the period increased by 31.68 per cent in USD value and 23.35 per cent in quantity.
Also Read India willing to lift ban on wheat export to Kuwait The Chairman of Marine Products Export Development Authority (MPEDA) K N Raghavan lauded the performance.
“India managed to do all-time high exports export worth US$ 7.76 billion with volume of 13,69,264 MT of seafood, despite the several challenges in its major export markets caused by the Covid pandemic,” said Raghavan.